Air France and KLM Sign Agreement

Air
France and KLM announce that they have signed today the final transaction
agreement, announced on September 30, 2003, which transaction Air France and
KLM expect to lead to the creation of Europe`s leading airline group through
a share exchange offer by Air France for KLM common shares. The terms of the
transaction are the same as the ones announced on September 30, 2003.
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